The leu accelerated the trend of depreciation over the last week, due to the domestic political tensions, and separated from the regional evolutions. The Romanian currency is the only in Central and Eastern Europe which dropped against euro since the beginning of the year, show the data analysed by Profit.ro. Euro reached new historic levels against the leu at each of the last four meetings for tradings and which is closer to the threshold of 5 lei at the official quotation of BNR. The weakness of the leu is deepened by the political crisis which could end with the destruction of the governing alliance after the USR-PLUS ministers resigned from the Citu Cabinet. ‘ The government of the premier Citu is close to collapse. This influenced both the currency and the sovereign bonds’ showed a notice of Erste Research, quoted by Profit.ro. Euro increased with almost a quarter percentage point against the leu over the last week, while it was stable against the Polish Zlot and the Czech Krone and dropped against the Hungarian Forint by 0.4%. The Forint is on a growing trend, after the central bank increased the key interest and entered a cycle of strengthening of the monetary policy. The expectations of the analysts are that the central bank of Poland is going to increase the key interest, although the governor Adam Glapinski stated that it was not the case. The Romanian leu went the worst from the Central and Eastern Europe this year – euro increased against the Romanian currency by almost 2% while it dropped against the Zloty by 1%, by more than 3% against the Krone and over 4% against the Forint.
West Beton, part of West Group, produced and delivered, through its three production sites, more than 200,000 cubic meters of ready-mix concrete in 2025. Over 90% of total deliveries went to residential projects, including HILLS Nord, the third phase of Nusco City, and developments by companies such as Hagag or Pedro Construct. The rest of […]
The government has added four more companies to the list of the first 17 that entered the reform process and the analysis of the Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu. These are CNCAF Minvest, Romaero, CNMPN Remin, and Avioane Craiova, companies from the portfolio […]
Almost 180 magistrates in Romania joined an action group denouncing the compromised judicial system in the country, allegedly controlled by High Court president Lia Savonea, after judge Raluca Morosanu publicly confirmed the allegations expressed by Laurentiu Besu in the "Captured Judiciary" documentary released by investigative platform
Romania has confirmed its first case of leprosy in more than 40 years, with three other suspected cases currently under clinical and microbiological investigation, health minister Alexandru Rogobete announced on Thursday, December 11. All four individuals are women from Asia who were employed as masseuses at a spa salon in Cluj-Napoca. The first two patients, […]
The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]
